1604 885 Cambie St, Vancouver, BC, MLS® R3024075

Welcome to 1604 885 Cambie Street, a stunning property nestled in the heart of Vancouver, BC. As we step into this beautiful home, I want to share with you the many reasons why it's a perfect fit for families and individuals alike.

Let's start with the schools, a top priority for many of us. This property is serviced by Lord Strathcona Community Elementary School, a highly-rated institution that's just a 0.75 km stroll away. With its No Rating, this school is a hidden gem that's worth exploring further. As we continue our tour, you'll also discover that King George Secondary School is just 1.99 km from this property, offering a seamless transition to high school education.

For those seeking an alternative to traditional public schools, The Westside School, a highly-regarded independent elementary school, is just 0.22 km away. Similarly, Lowell High School, a renowned independent secondary school, is just 0.23 km from this property.

Now, let's talk about safety. According to the latest crime statistics from Statistics Canada (2020), this neighbourhood boasts an Average overall crime rate of 7,470.82, which is a testament to its serene and secure environment. To put this into perspective, the national average is around 5,200. This is a significant advantage for families and individuals who value peace of mind.

As we delve deeper into the crime statistics, we see that the neighbourhood surrounding MLS® R3024075 has an Average drug crime rate of 229.49, with 1,604 incidents reported in 2020. This is a relatively low number compared to other cities, and the trend is positive, with a 1.58% year-over-year increase.

Regarding property crimes, the area surrounding this property has an Above Average rate of 5,020.27, with 35,089 incidents reported in 2020. While this may seem concerning, the good news is that the number has decreased by 20.80% year-over-year.

In terms of violent crimes, the neighbourhood surrounding MLS® R3024075 has a Below Average rate of 1,311.69, with 9,168 incidents reported in 2020. This is a reassuring fact, especially for families with young children.

Now, let's talk about transportation. The closest bus station, Southbound Cambie St @ Robson St, is just 0.11 km away from this property, offering convenient access to Vancouver's public transportation system.

As we explore the demographics of this neighbourhood, we see that 56.5% of residents hold a university certificate or degree, which is High compared to other BC neighbourhoods. Conversely, only 3.6% of the population in this area has no certificate or degree, which is Low compared to the average in BC.

In terms of income, the median household income near this property is $78,822, which is Above Average in comparison to the British Columbia average. The median personal income is $47,376, which is also High compared to the BC average. Moreover, 70.6% of households in this census subdivision have a mortgage, which is High.

Unemployment rates in this area are also Low, at 5.5%, which is a welcome fact for anyone looking for a stable community.

This property is located in the vibrant Downtown VW neighbourhood, where the population grew by 6.7% between 2011 and 2016, which is Above Average compared to the average growth rate of this region.

In terms of population density, this community boasts an impressive 14,953.4 people per square kilometre, which is High compared to other areas.

Family dynamics are also an important aspect to consider. The average family size in this area is 2.4, which is Low compared to the whole region. Only 36.5% of families in this area have children, which is Low, and 52.8% of residents are married or living common law, which is Below Average.

Average age in this community is 37.8 years old, which is Below Average compared to other BC cities.

In terms of real estate, the average value of dwellings in this neighbourhood is $756,218, which is High compared to other areas in British Columbia.

Owner payments are also High in this area, with an average of $1,811 spent on dwellings. Tenants, on the other hand, pay an average of $1,803, which is also High compared to other cities.

Renters make up 51.6% of the population in this district, which is High compared to other BC cities and areas.

Language is also an important aspect to consider. While 10.5% of the population speaks English and French, 86.7% of residents speak only English, and 0.1% speak only French. Interestingly,